Chris Dodd: How much did Wall Street give him?
Chris Dodd announced Wednesday he would not be seeking a sixth term, ending a career helped by massive campaign contributions from Wall Street.
Over his 30-year Senate career, Dodd's campaigns were bolstered by big sums of Wall Street cash. So how much did Dodd get from Wall Street, exactly?
Since 1989, 36 of Dodd's top 50 donors have been Wall Street investment firms or insurance companies, according to data from the Center for Responsive Politics. They gave almost $5 million in donations over that period – about two-thirds of the amount he collected from his top 50 donors.
Members of the Senate's powerful banking committee typically get lots of Wall Street cash. Even by those standards, however, Dodd, as committee chairman, beat them all. Only Sen. Charles Schumer (D) of New York, who obtained $4.4 million from Wall Street sources over that period, comes close.
Ranking minority member Richard Shelby (R) of Alabama totaled over $738,000 among his top 50 donors for 25 percent of his donations among this group. Sen. Bob Corker (R) of Tennessee accumulated $147,650 from five Wall Street sources, taking more from Ruby Tuesday ($22,000) than from Citigroup ($19,750).
Dodd rose to prominence on cash from the financial services industry. When it crashed, so did he.